MQ Market Updates

MQ Market Updates - 24 April 2024

MQ Trader
Publish date: Wed, 24 Apr 2024, 05:06 PM

Crest Builder Holdings Bhd has bagged a condominium project worth RM486 million from Kiaramas Development Sdn Bhd. (NST)

Farm Price Holdings Bhd aims to raise RM24.5 million from its initial public offering (IPO). (TheStar)

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products. (TheEdge)

Malaysia Airports Holdings Bhd's (MAHB) airports recorded more than 90 per cent recovery in the first quarter of 2024 (Q1 2024) with 31.4 million passenger movements against Q1 2019, setting a new milestone. (NST)

Bursa Malaysia has announced the transfer of the securities of GFM Services Bhd to the Main Market under the “industrial products & services” sector from ACE Market on April 26. (TheStar)

HLIB Research has reduced Ancom Nylex Bhd's projected earnings for the fiscal years 2024, 2025, and 2026 (FY24/FY25/FY26) by 11 per cent, 9 per cent, and 5 per cent respectively. (NST)

Analysts are recommending "buy" on Axis Real Estate Investment Trust (REIT) in anticipation of improved occupancy rates and contribution from new acquisitions to bolster earnings. (TheStar)

Inta Bina Group Bhd has accepted a letter of award worth RM169.67mil from Next Delta Sdn Bhd for the construction and completion of main building works at Pekan Country Heights, Selangor. (TheStar)

Heineken sold more beer in the first quarter, reporting its first quarterly year-on-year growth in volumes in a year, and stuck to its forecast for profit growth in 2024. (TheStar)

HSS Engineers Bhd has announced a final single-tier dividend of 1.21 sen per share in respect of the financial year ended Dec 31, 2023 (FY23), a significant increase from the previous year’s dividend of 0.92 sen per share. (TheStar)

Petronas Chemicals Group Bhd (PCG) is focused on advancing its growth initiatives and strengthening its operational performance despite the expectation that 2024 will continue to be a challenging year. (TheStar)

RHB Retail Research said YBS International Bhd is set to resume its uptrend after climbing above the 80.5 sen immediate resistance, surpassing the 21-day simple moving average line. (TheEdge)

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday. (TheEdge)

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor. (TheEdge)

 

Source: New Straits TimesThe Edge Markets The Star 24 April 2024 

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